Strategic Advisors LLC Acquires Shares of 2,189 McDonald’s Corporation $MCD

Strategic Advisors LLC bought a new position in shares of McDonald’s Corporation (NYSE:MCD) during the third quarter, according to its most recent filing with the SEC. The fund bought 2,189 shares of the fast-food giant’s stock, valued at approximately $665,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Federated Hermes Inc. raised its stake in McDonald’s by 84.1% during the second quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant’s stock valued at $41,422,000 after buying an additional 64,757 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of McDonald’s by 236.7% during the third quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant’s stock valued at $1,976,000 after acquiring an additional 4,571 shares in the last quarter. Welch Group LLC raised its position in shares of McDonald’s by 1.1% in the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after purchasing an additional 2,180 shares during the last quarter. D.A. Davidson & CO. boosted its stake in McDonald’s by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock worth $43,606,000 after purchasing an additional 3,774 shares in the last quarter. Finally, Choreo LLC grew its position in McDonald’s by 1.7% during the 2nd quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock valued at $17,096,000 after purchasing an additional 954 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MCD shares. Sanford C. Bernstein reissued an “overweight” rating and set a $372.00 price target on shares of McDonald’s in a research report on Wednesday, January 7th. BMO Capital Markets reissued an “outperform” rating on shares of McDonald’s in a report on Thursday, November 6th. Citigroup lowered their price target on McDonald’s from $381.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. TD Cowen reiterated a “hold” rating on shares of McDonald’s in a report on Thursday, January 8th. Finally, Mizuho raised McDonald’s to a “hold” rating in a research report on Tuesday, October 28th. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $328.88.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,486 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the transaction, the executive vice president directly owned 6,268 shares in the company, valued at $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,407,133. This represents a 58.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 45,142 shares of company stock valued at $13,841,169 in the last ninety days. Insiders own 0.25% of the company’s stock.

McDonald’s Trading Down 0.4%

McDonald’s stock opened at $312.75 on Thursday. McDonald’s Corporation has a 12-month low of $283.47 and a 12-month high of $326.32. The firm has a market capitalization of $222.73 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 3.17 and a beta of 0.53. The firm has a 50 day moving average of $309.42 and a 200 day moving average of $306.26.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.10 billion. McDonald’s had a negative return on equity of 280.89% and a net margin of 32.04%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.23 earnings per share. On average, analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.